Last Wallstreet Bear Capitulates

Quote from Longhorns:

He should change his name to Ralph Acampora Jr.

That guy couldn't predict rain if he was standing in a hurricane.
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He changed his name to MNCS, You are owned.
 
Quote from S2007S:

ACM where do you see SMH in the next 1-2 weeks?

ABOVE 35 or below 32.

Its been stuck between 33-35 for quite sometime.
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I really do not predict but I see that the semis are badly lagging. (-7% YTD vs + 13% S&P). So my best hedge is by shorting the SMH when the markets correct.
 
All the bears have left, the bulls are running things now, higher higher higher, big dip today was just another buying opportunity, market may close up today in the land of perfect, were every day is an up day in the US equity markets buy buy buy.
 
Quote from ACM Trader:

I really do not predict but I see that the semis are badly lagging. (-7% YTD vs + 13% S&P). So my best hedge is by shorting the SMH when the markets correct.
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ACM SMH weak again today. I went long around 34, sold it quick as soon as I saw the markets getting weak. Sold it at 33.93.

Looking to get back in for a swingtrade under $33.50
 
Quote from S2007S:

ACM SMH weak again today. I went long around 34, sold it quick as soon as I saw the markets getting weak. Sold it at 33.93.

Looking to get back in for a swingtrade under $33.50
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I was able to carry shorts from 34.07 to 33.76. Obviously I missed a better range. Shorting the gap up at the open was the way to go. I wanted to have a better price, but it never occured. Ah well. SMH has been down 5 days in a row, now so, I am going to wait for a spike up. SMH often spikes up pretty good. Let's see.
 
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